Coventry BS’ 4-year ISA retains top 5 position

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Coventry Building Society has reviewed its fixed rate offerings and despite a marginal decrease in rates, its four-year fixed rate ISA has held firmly onto a top five place in the charts.

The basics…

Fixed Rate ISA (23) now has a competitive yearly rate of 2.60% until 30.11.18.

The finer details…

This ISA can be set-up and managed online, in branch, by post or over the phone with a minimum deposit of just £1.

Further additions can be made for seven days after the initial deposit or while the issue remains open, whichever is longer. Transfers in of this year's allowance are permitted, however, transfers of previous ISA savings are not.

For savers who are uncertain about locking their money away for the full term, there is an option to gain early access, although this is only available upon closure of the account and the loss of 120 days' interest. Transfers out of the account will incur the same 120-day loss.

Why we like it…

This ISA offers an attractive rate, which has earned it a place among the top five in its sector. Consequently, investors are likely to be highly interested in this account, particularly as it does offer early access to funds, albeit subject to the closure of the account and a hefty loss of interest. The small size of the initial investment is also very appealing and should prove to be very attractive to a broad range of investors.

Four Moneyfacts Stars have been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.